Phosphate fertilizer daily review: Phosphate fertilizer market changes little and prices remain mostly stable (November 30)

Monoammonium phosphate price index:

According to Feiduo data, on November 30, the 55% powder index of China's monoammonium phosphate was 3,483.75, stable; the 55% particle index was 3,400.00, stable; and the 58% powder index was 3,683.33, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China continues to hold steady. On the factory side, the factory continued to mainly implement advance orders, and the trading atmosphere for new orders was weak. With the support of pending orders, the price of monoammonium temporarily stabilized. Prices on the traders 'side were obviously chaotic, and the transaction continued to be negotiated. On the supply side, the monoammonium market and operating rate have declined within a narrow range. The current average operating rate is about 54.23%, and the supply side is still tight. On the demand side, the purchasing enthusiasm of downstream compound fertilizer companies has slowed down, and they still focus on on-demand procurement. There is limited follow-up on new orders, and the wait-and-see attitude has intensified. In terms of raw materials, the prices of raw materials sulfur and phosphate rock remained stable, the price of synthetic ammonia continued to decrease slightly, and the price of raw materials declined. Overall, the market demand for monoammonium is flat. Currently, it is mainly supported by early orders. It is expected that the market price of monoammonium phosphate will stabilize and decline in a short period of time.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on November 30, the 64% particle index of China's mainstream diammonium phosphate was 3,880.00, stable; the 60% brown index was 3,670.00, stable; and the 57% content index was 3,610.00, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China continues to maintain a high level of consolidation. In terms of enterprises, enterprises have sufficient advance orders and are mainly executing advance orders. Most of the advance orders can last until mid-to-late December. Currently, the quotations are stable. In terms of traders, traders currently hold limited supplies of goods, and their quotations continue to be high, making prices appear chaotic. On the demand side, the winter storage market is still in need, but due to the long storage time, the wait-and-see attitude is heavy. Currently, after the downstream holds a small amount of supply, the purchasing enthusiasm has weakened and the wait-and-see attitude has increased again. In terms of the market, market procurement enthusiasm has weakened and the wait-and-see atmosphere has become stronger. In terms of raw materials, the supply of raw material phosphate rock remains tight, and prices are easy to rise but not fall. However, the price of synthetic ammonia has continued to fall recently, and the cost side has been deadlocked. On the whole, the factors influencing the diammonium market have changed little and the market is relatively stable. It is expected that the price of diammonium phosphate will remain stable in the short term.

Specific market prices in each region are as follows: